PYMNTS
NOVEMBER 24, 2019
As traditional mall merchants go under, online brands are expanding into brick-and-mortar, the New York Post reported Saturday (Nov. One example is New York’s UNTUCKit , which started as an online men’s clothing store and grew into a global brand. More than 1,700 physical stores in the U.S.
PYMNTS
MAY 7, 2019
As retailers shutter locations from the heartland to big cities, the latest update on the state of retail from New York’s storied Fifth Avenue says that rents are falling and vacancies are rising – showing that even a flagship address can’t escape the realities of modern-day commerce. Davidson Senior Brand Apparel Analyst John D.
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PYMNTS
DECEMBER 2, 2020
In pursuit of our purpose of creating the future of retail, we have built the foundation of a cross-brand ecosystem to create a simple shopping experience for consumers and to aggregate the scale of our network for our partners’ benefit,” Yagan said in the news release. “The
PYMNTS
APRIL 16, 2019
Retail apocalypse? Whatever you want to call the decline of brick-and-mortar retail – and it’s getting worse, according to a few recent reports – it’s not good. merchants this year already have said they will shutter nearly 6,000 physical retail locations – that’s more than the nearly 5,900 closings for the entire year of 2018.
PYMNTS
APRIL 11, 2019
A new report by investment firm UBS warns that an estimated 75,000 stores are likely to shut down by 2026. Analysts said the closures would affect a variety of retailers, including an estimated 21,000 apparel stores, 10,000 consumer electronics stores and 8,000 home furnishing stores. We’re in the middle of a multiyear retail purge.
PYMNTS
AUGUST 28, 2018
Tez — or Google Play in India — also will reportedly gain capabilities for online and offline retail after already being able to handle bank-based, bill and utility payments. Online retail, meanwhile, continues to grow in India, and that market could hit $200 billion by 2026 if one goes by a Morgan Stanley estimate.
PYMNTS
MAY 31, 2018
According to Morgan Stanley – India’s eCommerce market will be worth $200 billion by 2026 and see participation from 50 percent of India’s internet user base. And, according to analysts – private label brands might just be the right entry point to start reversing that trend. Great Expectations And Big Buy-Ins.
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